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Portland Business Journal
Oregon university expands Portland presence with Pearl District lease
Willamette University is moving students into the Ecotrust building in the Pearl District. <\p> The new lease brings the Salem-based private university's graduate programs closer to its Pacific Northwest College of Arts.<\p>
Why a new Oregon law is costing hospitals millions
Oregon hospital systems are scrambling to comply with one of the nation’s toughest hospital staffing laws, which passed the Legislature last year after a long and, at times, contentious process.<\p> June is the deadline for hospitals to staff their units according to the nurse-to-patient ratios outlined in the law. Committees made up of management as well as direct care nurses are putting the final touches on safe staffing levels that adhere to the minimum standards at all times, including during meal and rest breaks.<\p>
Intel hires industry vet for key role in Gelsinger's turnaround plan
Intel (Nasdaq: INTC) has brought in an industry veteran to fill a key role in its ambitious bid to become a leading contract chip manufacturer.<\p> Kevin O'Buckley started on Monday as senior vice president and general manager of foundry services, succeeding Stuart Pann, the company said.<\p>
Nike announces WNBA star as next signature athlete
After more than a year of design work, Nike announced Las Vegas Aces center A’ja Wilson as its newest athlete with a signature shoe.<\p> The first overall draft pick in the 2018 WNBA draft and MVP of the 2023 WNBA finals, Wilson has been a trailblazer for the next generation of women’s basketball stars. She joins Nike’s roster of women’s signature athletes that includes other greats such as Serena Williams, Megan Rapinoe, Naomi Osaka and Sabrina Ionescu.<\p>
Why Amazon's recent moves bode well for a cooling CRE market
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We'll take a look today at a bankruptcy health care system's hospital sale; a $3.3B investment from Microsoft that will help establish an artificial intelligence hub; and what you need to know about upcoming changes to overtime rules. But we'll start with the dynamics in this once-hot commercial real estate subsector.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Here's how much Oregon bankruptcies spiked last year
Maybe it's all part of the "circle of life" in business, but sometimes the only way forward amid mounting debts is a major reorganization, or even complete dissolution to let creditors scavenge what they can. <\p> After three years of declines, business bankruptcies across Oregon rose by 47.8% to a total of 167 cases in 2023, according to court records. Yet, the statistic is still well below the 219 cases in 2019 before the pandemic struck. <\p>
Portland Timbers reveal new jersey sponsor
The Portland Timbers revealed Oregon dairy giant Tillamook as its new jersey sponsor at its match Sunday.<\p> “We are absolutely thrilled to bring these two iconic Oregon brands together and to celebrate our state in such a unique way through this expanded partnership,” Timbers CEO Heather Davis said in the team's announcement. “Tillamook is a brand that truly represents the best of Oregon, and the Portland Timbers are incredibly proud to wear the Tillamook name on our jerseys.”<\p>
Inside The List: New and old names among Oregon's biggest tech firms
Employment at tech companies in Oregon and Southwest Washington is down slightly, but still accounts for more than 30,000 jobs in the region.<\p> And while a few stalwarts of the local tech landscape still occupy the top spots, the updated annual lists of the largest companies in the region include some changes.<\p>
Higher-for-longer rate environment means more uncertainty for CRE
Commercial real estate investors, owners and occupiers all have been monitoring whether the Federal Reserve will impose interest-rate cuts in 2024 after rapidly rising rates have substantially increased the cost of doing business.<\p> Earlier this month, the Fed signaled it needed to see more progress toward its inflation target of 2% and decided to maintain its key lending rate. At that meeting, Fed Chairman Jerome Powell said gaining greater confidence around inflation "will take longer than previously expected," although he also said he felt inflation would move back down in 2024.<\p>
In Hillsboro, housing solutions sought even as a model project shines
The push and pull between federal, state and local roles in building affordable housing was on display Thursday during a tour of a Hillsboro complex. Discussions during the event, designed to spotlight lessons gleaned from the environmentally friendly...
Returning Oregon utility regulator on rising rates, wildfire risk
Gov. Tina Kotek has nominated Letha Tawney for another four-year term on the state panel that sets rules and rates — fraught subjects recently — for investor-owned gas and electric utilities. Tawney has served on the Oregon Public Utility Commission...
Gen Z's latest college grads have a new rival in the workforce
As new college graduates enter the workforce, they are facing some new competition for jobs: artificial intelligence. Given ChatGPT and other AI tools' ability to complete tasks such as research, data entry and email writing, some entry-level roles...
Investor buys $14.4M industrial site and other Portland-area deals
The Business Journal each week collects and publishes public data on real estate transactions, business formations, liens, lawsuits and bankruptcies. Last week, one notable listed transaction was the $14.4 million acquisition of a North Portland industrial...
Andrew Wiederhorn faces 16 SEC charges for alleged scheme
A former high-flying Portland business operator who eventually spent time in prison in the early 2000s has been indicted on charges of fraud by the Securities and Exchange Commission. Andrew Wiederhorn allegedly used company cash from Fat Brands for...
Health giant scraps controversial tactic amid Oregon doctor exodus
Optum Inc. agreed to a request by state and congressional leaders representing Lane County not to enforce noncompete and non-solicitation agreements. Optum and Oregon Medical Group are “letting clinicians know non-compete language in contracts will...
Portland lands Daimler's $40M electric truck expansion and more
Nine months after the City Council endorsed inducements for the company, Daimler Truck North America on Friday announced it will grow its electric vehicle operations in Portland. Daimler said it will do a $40 million, 110,000-square-foot expansion to...
Largest Technology Service Providers in Oregon & S.W. Washington
ABOUT THE LIST: Information was obtained from firm representatives through questionnaires and could not be independently verified by the Portland Business Journal. In case of ties, companies are listed alphabetically. Rank Name / piror rank / URL OR/SW...
Largest Hardware Design & Manufacturing Firms in Oregon & S.W. Washington
ABOUT THE LIST: Information was obtained from firm representatives through questionnaires and could not be independently verified by the Portland Business Journal. In case of ties, companies are listed alphabetically. Rank Name / prior rank / URL OR/SW...
Why 2 astrophysicists think they have an energy storage breakthrough
ESS, which raised a quarter-billion dollars when it went public in 2021, isn't the only flow battery company in town. Portland-based Skip Technology is stepping into the spotlight after six years of quietly working on its own version of the alternative,...
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